Gold Prices Soar in Dubai: Dh10 Spike in 24 Hours
- Publish date: Wednesday، 21 May 2025 Reading time: 1 min read
This marks the yellow metal's biggest daily leap in weeks.
- Related articles
- Aishwarya Rai Bachchan Dazzles in a Saree at Cannes 2025
- Dubai Gold Prices Hit New Highs Amid Market Volatility
- Indian man wins Dh10 million in Abu Dhabi Big Ticket raffle
Dubai gold shoppers, brace your wallets. Prices of the shiny metal just spiked—again.
Read More: Where To Buy Gold In Dubai and More...
In a sharp uptick driven by a weakening US dollar and global fiscal jitters, Dubai gold prices surged by up to Dh10 per gram in the past 24 hours, marking the yellow metal's biggest daily leap in weeks.
As of 9am on Wednesday, 24K gold opened at Dh397.75 per gram, climbing Dh1 from the previous market close. That’s a full Dh10 gain from Tuesday morning’s rate, giving both investors and buyers plenty to talk about.
Not far behind, 22K gold also saw a jump, opening at Dh368.5, which is Dh1.25 higher than Tuesday night and Dh8 more than its rate 24 hours prior. Other variants followed suit:
- 21K: Dh353.25 per gram
- 18K: Dh302.75 per gram
The local surge mirrors the global trend, with spot gold prices hitting $3,300.75 an ounce, a 0.55% increase, and the highest in a week. Experts cite concerns over the US economic outlook and a sliding dollar as the main fuel behind the rally.
Tim Waterer, Chief Market Analyst at KCM Trade, added:
“Over the medium- to longer-term, further upside in gold is favoured, though if any positive trade-deal headlines arise this could be an obstacle for gold in attempting to reclaim the $3,500 level.”
The US dollar hit its lowest point since May 7, making dollar-priced gold more attractive for global buyers and further intensifying demand.
So whether you’re investing or just eyeing some sparkle, now might be the time to act—or wait it out if you're hoping for a dip.
Stay gold, Dubai.
Read More: UAE Announces These Rules for Gold Sourcing
Read More: Unveiling the Charm of Dubai Gold Souk